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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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21180128 No.21180128 [Reply] [Original]

>> No.21180172

>>21180128
Keep your linkies safe and buy and pool with STA in an index fund fren...

Info pasta below:

An index fund is a fund that can track a specified basket of underlying investments and in this case: BTC, ETH, LINK all balanced with STA.

The rules are that these coins are set in the fund at a specified percent so as one goes up or down the others are automatically bought or sold to balance risk and maximize profit. HOWEVER, the key is that STA is deflationary (whenever a STA transaction happens for buying/selling/pooling, 1% of the transaction of STA is burned). This token burn + tokens being locked in pooling pressures prices up to again make sure the other coins will be balanced. You also are given a % of all the fees paid in STA transactions up to 36% APY and during a run up to 40,000% APY.

The power of STA is that the ripple effect of: (1) compounded fees, (2) token burn, (3) price pulled up by ETH, BTC, and LINK leads to an exponential effect and positive feedback loop on price.

So why is it low at only a 5-8million mcap right now?
STA was used by balancer labs and someone hacked the % exploit from balancer. This was balancer's fault but they used STA. Balancer and STA are refunding this.

Can the team dump? No, this is the most decentralized token as the project much like BTC is out of Satoshi's hands, STA is out of the hands of the devs who only own <4%.

>> No.21180238
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21180238

>>21180172
M8 THIS IS THE 14$ WAITING ROOM THREAD NOT A SHILL THREAD